Property Information

Location

Miles

5 miles south of Cowes

15 miles south-west of Portsmouth

18 miles south of Southampton

Roads

A3020, A3054, M27, M275

Rail

Air

Southampton Airport

Situation

Newport is the county town of the Isle of Wight and is the centre of retail, administrative and industrial activity on the island. The town is well connected to surrounding towns, with fast passenger crossings to Ryde, Cowes and Yarmouth from the mainland. The property is situated on the southern side of High Street, in a prominent location close to St James' Square and St Thomas' Square. Nearby occupiers include Boots the Chemist, Holland & Barrett, Pandora, Costa Coffee, Co-op Food and H Samuel.

Tenure

Freehold.

Description

The property is arranged on ground and three upper floors to provide a large and well configured ground floor shop with office, storage and staff accommodation above. The upper floors benefit from an entrance fronting High Street.

VAT

VAT is applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor

Use

Gross Internal Floor Areas (Approx)

Tenant

Term

Rent p.a.x

Ground First Second Third/Attic

Retail Office/Ancillary Ancillary Ancillary

269.50 sq m 50.50 sq m 60.50 sq m 24.50 sq m

(2,901 sq ft) (544 sq ft) (651 sq ft) (264 sq ft)

A G RETAIL CARDS LIMITED (1) t/a Clintons

5 years from 22/12/2018 until 21/12/2023 on a full repairing and insuring lease

£75,000

Total

405.00 sq m

(4,360 sq ft)

£75,000

(1) Clintons is the trading name of AG Retail Cards Limited. Clintons was established in 1968 and is a leading retailer of cards and gifts, operating over 400 stores throughout the UK (Source: www.clintonsretail.com 06/06/2019).